City of San Diego PlanetBids #142893

San Diego Seeks Investment Consulting Services for Employee Retirement Plans

The City of San Diego Defined Contribution Trustee Board is seeking a qualified firm to provide investment consulting services for its employee retirement plans, which collectively manage approximately $1.9 billion in assets. - Government Buyer: - City of San Diego Defined Contribution Trustee Board - Services Requested: - Comprehensive investment consulting for 401(k), 401(a), SPSP, and SPSP-H plans - Quarterly performance evaluations of investment funds - Written quarterly reports and annual reviews of the Investment Policy Statement - Recommendations on asset allocation and investment manager selection - Conducting investment manager and record-keeper searches - Providing investment education to the Board - Attendance at Board meetings in San Diego - One-time record-keeper search, including RFP drafting, proposal evaluation, and finalist interviews - Notable Requirements: - Minimum ten years' experience in investment consulting for public defined contribution plans of similar size - Registration as an investment advisor under the Investment Company Act of 1940 - Willingness to act as a fiduciary and maintain adequate insurance - Services to be invoiced quarterly; one-time fee for record-keeper search - No specific OEMs or vendors are named in the solicitation - Contract term is five years with quarterly and annual deliverables

Description

The City of San Diego Defined Contribution Trustee Board is seeking proposals from qualified firms to provide comprehensive investment consulting services for the City's 401(k), 401(a), and Supplemental Pension Savings Plans (SPSP and SPSP-H). The services include assessing investment fund performance, reviewing investment policies, advising on asset allocation and investment manager selection, providing investment education, attending Board meetings, and performing a record-keeper search. The contract term is five years, and proposals must be submitted electronically by July 3, 2026.

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